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As an example of how to use Budget Line/Indifference Curve Analysis to understand and explain the world, the lectures used kinked budget lines to
As an example of how to use Budget Line/Indifference Curve Analysis to understand and explain the world, the lectures used kinked budget lines to analyze the causes of black poverty over the decades, i.e. generational poverty. The Urban Dictionary defines the Liberal Plantation as: ww Often used when discussing Black conservatives, this term refers to the notion that white liberals prefer for all African-Americans to fit into one political viewpoint, generally characterized as left-Populist-Democrat. If Blacks all think the same, then the leadership of the liberal white left can regard Blacks as a monolithic voting block. That makes things a lot easier to strategize and manipulate than if the Black population is seen as a whole spectrum of political views -- which, of course, is indeed the case in reality. Thus, when white liberals imply that any politically-aware Black who is not left-Democrat is either suicidal or insane, they are "keeping the Blacks on the liberal plantation"--and Blacks who are not left-Democrat are spoken of as having "bolted off the liberal plantation." An important facet of this paradigm is that the "liberal plantation" is figuratively a "plantation" because it uses Black voters to serve mostly the interests of a white liberal establishment, not the interests of the Black American voters themselves. In the Budget Line lectures, we discussed the Liberal Plantation, and used Budget Line/Indifference Curve Analysis to explain how government redistribution programs (the Welfare State), that started under FDR, accelerated under Lyndon Johnson and are bigger today than ever before, have affected the economic status of blacks over the decades, specifically Generational Poverty where blacks families are poor and stay poor over several generations
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